Avient Corporation (NYSE:AVNT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Avient Corporation has received a consensus recommendation of "Moderate Buy" from analysts, with a target price of $46.00 among brokerages.
• The company will pay a quarterly dividend of $0.27 per share on October 8th, with a yield of 3.3% and a payout ratio of 84.38%.
• Avient's recent earnings report showed an EPS of $0.80, exceeding estimates and demonstrating a 1.9% increase in revenue year-over-year, totaling $866.50 million.

Avient Corporation (NYSE:AVNT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.00.

A number of analysts have recently weighed in on the stock. KeyCorp began coverage on shares of Avient in a research note on Wednesday, September 17th. They issued an "overweight" rating and a $48.00 price objective on the stock. Robert W. Baird cut their price target on Avient from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th.

Avient Stock Up 1.7%

Shares of AVNT stock opened at $32.59 on Friday. Avient has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The firm has a market capitalization of $2.98 billion, a PE ratio of 25.46, a P/E/G ratio of 1.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.50 and a current ratio of 2.03. The stock's 50-day simple moving average is $35.10 and its 200-day simple moving average is $34.90.

Avient (NYSE:AVNT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.02. Avient had a return on equity of 10.57% and a net margin of 3.65%.The firm had revenue of $866.50 million during the quarter, compared to the consensus estimate of $852.98 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company's revenue was up 1.9% compared to the same quarter last year. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. Equities analysts expect that Avient will post 2.85 earnings per share for the current year.

Avient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. Avient's dividend payout ratio (DPR) is 84.38%.

Institutional Investors Weigh In On Avient

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Avient by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,348,157 shares of the company's stock worth $161,576,000 after purchasing an additional 279,064 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Avient by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,513,732 shares of the company's stock worth $129,586,000 after buying an additional 27,608 shares in the last quarter. Alliancebernstein L.P. grew its position in Avient by 9.1% during the first quarter. Alliancebernstein L.P. now owns 3,118,170 shares of the company's stock valued at $115,871,000 after buying an additional 260,670 shares during the period. Geode Capital Management LLC increased its holdings in Avient by 0.9% in the second quarter. Geode Capital Management LLC now owns 2,252,855 shares of the company's stock valued at $72,797,000 after buying an additional 19,813 shares in the last quarter. Finally, Channing Capital Management LLC raised its position in shares of Avient by 4.8% in the second quarter. Channing Capital Management LLC now owns 1,760,151 shares of the company's stock worth $56,870,000 after acquiring an additional 81,393 shares during the period. Hedge funds and other institutional investors own 95.48% of the company's stock.

Avient Company Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.

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